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Category Archives: Turkey News

Foreign Investment in Turkey increases by over 125 Percent

15 June 2011 – Data released by the Central Bank of the Republic of Turkey shows FDI (Foreign Direct Investment) into Turkey increased by over 125 Percent for the period January to April 2011 against the same period in 2010. The total for this 2011 period reached over 4.5 Billion...

Posted on 15 June 2011

Turkey’s airlines continue to expand

13 June 2011 - According to Boeing’s Commercial Airplanes Vice President Mr Aldo Basile, Turkish airlines are growing faster than most. Commenting recently, Mr Basile said “Owing to the success of the country’s airline companies, Turkey’s civil aviation market is expanding at a rate that exceeds the world average”, adding “Boeing is...

Posted on 13 June 2011

World Bank increases GDP forecast for Turkey

9 June 2011 – The World Bank (WB) Global Economic Prospects has again increased Turkey’s growth forecast from 4.1 Percent to 6.1 percent for 2011. WB’s growth forecast remaining at 3.2 Percent for 2012 to 2013 globally, however the Global Economic Prospects expects Turkey’s GDP also to grow at 5.1 Percent...

Posted on 09 June 2011

Izmir’s Aegean Free Zone attracts foreign investors

6 June 2011 - The west coast port of Izmir new ESB (Aegean Free Zone) is attracting new international investors. The ESBAS (Aegean Free Zone Development and Operating Company) officials have indicated that 16 international companies, including those from the US, Italy and Netherlands have been granted licenses since the...

Posted on 07 June 2011

Istanbul – leading tourist city

3 June 2011 - A recent Mastercard report, Worldwide Index of Global Destination Cities, shows Istanbul has one of the highest growth rates for visitor expenditure and is estimated to grow over 30 Percent in 2011. The Index shows an estimated visitor number growth rate of over 20 Percent, and ranked Istanbul third highest for visitor growth...

Posted on 03 June 2011

Swiss bank picks Turkish equity markets as being one of the best

31 May 2011 - Lombard Odier, one of Geneva’s oldest (founded 1796) and largest private banks, considers Turkey as one of the top emerging equity markets together with the Russia equity market. Speaking recently about Turkey, Mr Paul Marson, Chief Investment Officer of Lombard Odier, said “One may end up losing...

Posted on 31 May 2011

World Bank Group to locate regional headquarters in Turkey

30 May 2011 - IFC (The International Finance Corporation) part of the World Bank Group is to invest 3 Billion USD in Turkey during the next 3 years. Lars Thunell, Executive Vice President and CEO of IFC, said "We are aiming to increase our investments in Turkey due to the...

Posted on 31 May 2011

Leading US hamburger chain to open 100 stores in Turkey

22 May 2011 US hamburger chain Carl’s Jr has opened its first restaurant in Istanbul in the Cevahir Shopping Mall and aims to open a further 100 stores across Turkey. Mr Ned Lyerly, senior vice chairman of US owned CKE Restaurants which operates both the Carl’s Jr. and Hardee’s brands, said “Our...

Posted on 23 May 2011

Indian industrial conglomerate to make further investments in Turkey

20 May 2011 - Mr Pawan Ruia, Chairman of the Indian industrial conglomerate, says the group is planning to make additional investments in the Turkey in energy, mining and metal sectors following their 250 Million USD acquisition of the Turkish cars part manufacturer - Standard Profil. Speak in Istanbul, Mr...

Posted on 20 May 2011

Izmir’s new port to be one of world’s largest.

16 May 2011 – When completed in 2013 Izmir’s Port Candarli will be able to handle 12 million tons of cargo a year. Costing approximate 3.1 Billion USD (5 billion TL) the new port will double the number of containers that can be handled by the existing Turkish ports. At the recent groundbreaking ceremony,...

Posted on 16 May 2011